Weeks after talk of condemnation came up at a Port of Camas-Washougal Board of Commissioners meeting, Port leaders have approved a settlement agreement with the owners of land near the waterfront.
The Port will pay Mike and Tammy Ledington $210,000 for the couple’s 12,000-square foot, vacant parcel south of Route 14 at Seventh Street in Washougal.
The Port had previously offered the Ledingtons $187,000 for the land — 10 percent more than the parcel’s appraised value of $170,000 — but the Ledingtons sought $315,000, the amount proposed by their attorney.
Port Executive Director David Ripp said the agreed upon price of $210,000 was determined by considering the appraised value, the Port’s offer and the cost of legal fees if the Port had gone to court for a condemnation proceeding.
In April, Port commissioners authorized Ripp and legal counsel to “exhaust reasonable efforts through direct negotiations to acquire the property fee interest.”